Community Lens

The “Community Lens by Orly Dizon, Esq.” brings the law closer to home, focusing on the legal issues that impact our neighborhoods and daily lives. From understanding your rights as a tenant to navigating business regulations as a local entrepreneur, we aim to shed light on legal matters that shape our community. Join us each week as we delve into the legal landscape that surrounds us, offering insights, guidance, and practical advice to help you navigate the complexities of the law. Together, let’s empower ourselves with knowledge and strengthen our community through informed decisions and a deeper understanding of our legal rights and responsibilities. Stay tuned for valuable perspectives, real-life case studies, and societal analysis from Orly Dizon, Esq., as we look through the “Community Lens” to see how the current events impacts us all.

A cautionary tale for business owners: businessman convicted of Tax Evasion and filing false Tax Returns

Concealing income is never a sustainable solution and can lead to life-altering consequences. Responsible tax compliance protects your business’s reputation and future. If you have concerns about your tax situation, consult a tax professional promptly. Addressing issues proactively is the key to avoiding costly legal battles and preserving your business.

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IRS notice of deficiency

The Tax Court concluded that the IRS did not demonstrate that a valid Notice of Deficiency was mailed to Cano’s last known address. As a result, the petition was untimely, and the case was dismissed for lack of jurisdiction.

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When Does an S-Corp Save You Money on Taxes?

An S-corporation isn’t a separate legal entity; rather, it’s a tax status that can be elected for an LLC or corporation. For many small business owners, a single-member LLC serves as the most relevant example. When you form a single-member LLC, it is automatically treated as a disregarded entity for tax purposes. This means that your business income passes through to Schedule C on your personal return, and you won’t need to file a separate business return. However, you can choose to be taxed as either a C-corporation or an S-corporation.

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